Several hedge funds and investors recently adjusted their stakes in Heritage Financial. GAMMA Investing LLC increased its shares by 133.7% in Q2, owning 1,374 shares valued at $25,000 after buying 786 more. Point72 Asia and Innealta Capital both acquired new stakes valued around $25,000 and $27,000, respectively. Meeder Asset Management purchased a stake worth about $31,000. Overall, institutional investors hold 78.30% of the company’s stock.
Wall Street Analyst Opinions
Recent analyses show Piper Sandler raised their target price for Heritage Financial from $23.00 to $26.00, rating it “overweight”. Keefe, Bruyette & Woods also increased their target from $20.00 to $23.00, giving it a “market perform” rating. Currently, three analysts rate the stock as a “hold” and two as a “buy”, with an average target price of $23.50.
Get Our Latest Research Report on HFWA
Heritage Financial Stock Performance
Heritage Financial’s stock opened at $21.13. Its 52-week range is $15.50 to $23.82, with an average price of $21.89 over the last 50 days. The market cap is $733 million, with a P/E ratio of 15.89. Recently, they reported earnings of $0.45 EPS, exceeding estimates of $0.41, with revenue of $56.36 million for the quarter.
Dividend Announcement
The company announced a quarterly dividend of $0.23 per share, paid on August 21st. This gives an annualized dividend of $0.92 and a yield of 4.35%. The dividend payout ratio stands at 69.17%.
About Heritage Financial
Heritage Financial Corporation is a bank holding company that provides various financial services to small and medium-sized businesses and individuals in the U.S.
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